OrbitaxTax changes in force as of 1 January 2007
|Approved Changes|Columbia
Law 1111 of 27 December 2006 entered into force as of 1 January 2007. Main changes to the current tax regime are summarized below.
Income tax law
| - | The current corporate tax rate of 35% is progressively reduced to 34% in 2007 and 33% in 2008. | |
| - | The withholding tax rate on dividends or distributions paid to non-residents is reduced from 7% to 0%.… |